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Forex Trend Analysis Report

Prepared for you on Thursday, October 17, 2019.

Colombian Peso/Argentine Peso (FOREX:COPARS)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

FOREX_COPARS
Open High Low COPARS Price Change
0.01680313 0.01689199 0.01669248 0.01686076 +0.00005800
Entry Signal

MarketClub’s Trade Triangles for COPARS

long term up The long term trend has been UP since Aug 12th, 2019 at 0.013967

intermediate term up The intermediate term trend has been UP since Jul 22nd, 2019 at 0.013388

short term down The short term trend has been DOWN since Oct 17th, 2019 at 0.016753

Smart Scan Analysis for COPARS

Based on a pre-defined weighted trend formula for chart analysis, COPARS scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+75
Smart Scan Analysis for COPARS
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.01680313 0.01689199 0.01669248 0.01686076 +0.00005800
Prev. Close Volume Bid Ask Time
0.01680313 0.01685959 0.01686193 2019-10-17 19:38:11
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